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Society United Kingdom10. May 2020

Corona: Worker’s Rights Now a Top Priority for Ethical Investors

The COVID-19 pandemic has moved workers’ rights – from paid sick leave to health and safety measures – to the top of the priorities list for those seeking to invest ethically, encouraging companies to better protect their staff amid the crisis.

“Now more than ever (companies) are in the spotlight,” says Hortense Bioy, a research director at financial services firm Morningstar. “That is when you are going to see the true leaders, the ones that are delivering, and those that are not.”

Ethical investment involves calculating companies’ commitments to environmental, social and governance (ESG) issues, and its significance in the area of finance has been growing fast in recent years, with extra attention to the environmental aspect. But, according to experts, the coronavirus outbreak has highlighted the importance of tackling the social issues as well.

“The ‘S’ (in ESG) – which was kind of a bit forgotten, or not considered as important as the ‘E’ – now it’s emerging as an important dimension in this crisis,” explains Hortense Bioy, research director at financial services firm Morningstar.

Source:
Thomson Reuters Foundation

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